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Stock Market & Financial Investment News

News Breaks
April 1, 2011
06:53 EDTTOSBF, YZC, HMC, HIT, ALNPFOn The Fly: Asian Markets Wrap-Up
Asian stocks outside Japan rose, following a positive U.S job report and increased investor speculation that the world recovery effort is gathering steam. JAPAN: The Nikkei 225 fell 0.5% to 9,708.39. All Nippon Airways (ALNPF) and Honda Motor (HMC) both dropped 2.4%, while Tokyo Electric Power lost 3.7%. CHINA: The Shanghai Composite Index gained 1.3% to 2,967.41. Yanzhou Coal (YZC) soared 7.2%, while Merchants Bank added 1.7% and Poly Real Estate rose 5.1%. AROUND ASIA: Hong Kong's Hang Seng gained 1.17%, South Korea's Kospi rose 0.68%, and India's Sensex fell 0.13%...The Bank of China Hong Kong has cut its interest rate for yuan deposits in Hong Kong, as money held in its accounts rose to record levels in February...Toshiba (TOSBF) and Hitachi (HIT) may have difficulties finding buyers for their nuclear reactors following the worst atomic disaster since Chernobyl, according to analysts and investors.
News For ALNPF;HMC;TOSBF;HIT;YZC From The Last 14 Days
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December 17, 2014
06:52 EDTHMCHonda tests on Takata airbags show 'shortcomings' in quality, Reuters says
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December 16, 2014
18:45 EDTHMCHonda to add additional $168M to FY14 expenses from airbag recall, Nikkei says
Honda (HMC) is expected to add more than $168M to its current FY14 expenses due to recalls of vehicles installed with faulty air bags made by Takata (TKTDY), Nikkei says. Reference Link
13:14 EDTHMCHonda to recall about 570,000 cars in China due to Takata air bags, Reuters says
Honda (HMC) and its joint ventures in China plan to recall 569,769 cars due to potentially defective air bags manufactured by Takata (TKTDY), Reuters says. Reference Link
December 15, 2014
13:16 EDTHMCUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
06:55 EDTHMCTakata tightening restrictions on suppliers, Reuters reports
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December 12, 2014
06:16 EDTTOSBFGlobal demand for e-paper on the decline, DigiTimes reports
Global demand for e-paper from e-book vendors is decreasing due to competition from tablets, reports DigiTimes, according to sources with Taiwan's supply chain. Due to the decline, Toshiba (TOSBF), Sony (SNE), and Panasonic (PCRFY) have withdrawn from the e-book reader market. According to the sources, Amazon is still look at growth in the China market, but the e-book reader market is not showing any signs of a rebound. Reference Link
December 11, 2014
15:56 EDTHMCAutomaker lending arms probed by NYDFS, NY Post reports
The New York Department of Financial Services has subpoenaed the financing arms of Ford (F), Honda (HMC), Hyundai, Nissan (NSANY) and Volkswagen (VLKAY), as well as Banco Santander (SAN) and TD Bank (TD), said the New York Post, citing a source familiar with the investigation. Reference Link
December 8, 2014
18:31 EDTHMCHonda to expand air bag recall worldwide, Nikkei reports
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11:10 EDTHMCVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
December 5, 2014
10:00 EDTHMCOn The Fly: Analyst Downgrade Summary
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07:09 EDTHMCHonda downgraded to Neutral from Outperform at Credit Suisse
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07:02 EDTHMCHonda set to recall 135,000 vehicles in Japan, Reuters reports
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December 3, 2014
14:04 EDTHMCAutoliv to supply replacement airbag inflators used by Honda
Autoliv (ALV) will supply replacement airbag inflators to be used by Honda Motor Company (HMC) in support of the ongoing field action initiatives in the United States.The agreement is made in order to meet the expanded supply of inflators needed by Honda and is subject to definitive documentation. In order to be able to meet increased demand, Autoliv will build additional inflator capacity in its existing manufacturing facilities. Deliveries are estimated to commence after a period of about six months from today. “In the current difficult situation with a very high level of field actions and recalls in the market we are doing our utmost to support our customers. With quality as our first priority we are assessing the current and upcoming market needs in order to match our delivery capabilities in the best possible way,” said Jan Carlson, Chairman, President & CEO of Autoliv. Reference Link
11:15 EDTHMCHonda expands air bag recall to all 50 states, CNBC reports
Honda is expanding a recall of driver's side Takata-made air bags to all 50 states, reports CNBC. Honda's Executive VP for North America Rick Schosteck testified on Capitol Hill Wednesday, saying the expanded recall will continue to prioritize high-humidity areas. He also said the automaker is working with other air bag manufacturers to make sure it has enough parts. Reference Link
09:04 EDTHMCHouse Energy & Commerce Committee to hold a hearing on Takata Airbags
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06:32 EDTHMCTakata shows no sign of complying with U.S. deadline, NY Times says
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